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$1,195,000

Beds
4
Baths
4.5
sq ft
2,875

16604 Perdido Key Dr Unit 1, Pensacola, FL 32507

16604 Perdido Key Dr Unit 1

Pensacola, FL 32507

  • 191 days on market
    • Price drop $55,000↓
Welcome to Mallory Square North, where coastal elegance meets Key West charm! Nestled in the serene enclave of Perdido Key, this free standing home is situated just across the street from the pristine white sands of the Gulf Coast. Step inside this exquisite 4-bedroom, 4 ½-bathroom luxury beach retreat, where each bath is ensuite for ultimate privacy and convenience. Entertain guests in the open concept living area complete with a gas fireplace, wetbar and wine fridge. The kitchen includes custom cabinetry, a large pantry and concrete countertops. This home features upscale interior finishes, including 10' ceilings and 8' doors on the main floor, tongue and groove ceilings, tiled showers, and crown molding throughout. Beautiful hardwood floors add warmth and character, while a bunk room provides additional sleeping space for guests. The master bedroom features a gas fireplace and walk in closet. The master bathroom includes a soaking tub and a separate shower. This gated community also includes a community pool with a sunshelf and breathtaking views of Ole River. You will enjoy the assigned boat slip in the soon-to-be-built dock on Ole River. Embrace outdoor living with an outdoor kitchen equipped with a built-in grill and sink, perfect for hosting al fresco gatherings. Rinse off the sand from a day at the beach in the convenient outdoor shower. Parking is a breeze with under unit spaces plus a detached garage, large enough for a medium-sized boat on a trailer. Conveniently located just a mile from the iconic Florabama, Mallory Square North offers unparalleled access to the best of coastal living. HOA of $1370 per month includes insurance for all buildings and grounds. Seller also pays $1200 per year for wind insurance plus contents. Buyer to verify all measurements and information.

Details

Property type

Condominium

Est. home value

$1,278,662

Lot size

1.1449 acres

Price per sq ft

$416

Year built

2021

Monthly HOA fee

$1,370

Price History

09/09/2024
Pensacola

Pensacola #645699

Price change
$1,195,000
-4.4%
05/16/2024
Pensacola

Pensacola #645699

Listed
$1,250,000
+31.58%
10/28/2021
Pensacola

Pensacola #576398

Sold
$950,000

Schools & Community

Elementary school: 

Hellen Caro

Middle school: 

Bailey

High school: 

Escambia

Community features: 

Pool

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$389,392
Asking price
$1,195,000
Closing costs (~8% of asking)
-$95,600
Est. remaining loan balance
-$710,008
Cash to seller
$389,392

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Cadence Bank Na

Loan start date

October 2021

Original loan amount

$760,000

Est. remaining balance

$710,008

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Stephen Welling and Robert Lovecchio

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/23/2024 at 3:45 AM

Listing updated: 10/23/2024 at 5:35 PM

Listed by: Katy Collins, Levin Rinke Realty Phone #: (850) 916-5050

MLS: Pensacola #645699

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